Spence & Mathews Insurance has joined Northeast Bank Insurance Group, a wholly owned subsidiary of Maine-based Northeast Bank.

Spence & Mathews has two offices located in Maine and New Hampshire and under the new arrangement, the previous owner, Craig Linscott, will continue to oversee the two offices with all employees remaining.

Mr Linscott, said: Our decision to partner with Northeast was not taken lightly; it was a company that understood our culture and shared our core values. It’s a great working relationship: we leave the banking to the bankers; they leave the insurance sales to the insurance experts.

Craig Sargent, president of Northeast Bank Insurance, added: Spence & Mathews is a highly reputable agency with top-notch professionals and a loyal customer base. We respect what they’ve accomplished in the seacoast market area and look forward to what they can bring to Northeast.